Fred, Kohl’s, Target: MKM Cuts Estimates on Cliff Fears; TJX a ‘Standout’
MKM Partners’s Patrick McKeever this morning reviews the outlook for discounters such as Target (TGT), Kohl‘s (KSS), and Fred‘s (FRED), after cutting estimates for three of his six coverage names to account for a weaker-than-expected holiday season. It appears that while the fundamentals for retail are better this year than last, he writes, including lower [...]
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